WPC 480 FINAL EXAM PREP TEST BANK
VERIFIED QUESTIONS AND CORRECT
ANSWERS
●● Which of the following stages of the strategic management process
involves an evaluation of a firm's external and internal environments?
Answer: strategy analysis
●● While creating its AFI strategy framework, Valdez Consultants
decided what markets the firm should compete in. By doing this, what
type of strategy did the company devise?
Answer: corporate strategy
●● Fuller Apparel's core value statement reads we will ensure our
clothing is made with the highest respect toward human rights and
environmental protection. Which of the following actions exemplifies
how Fuller's core values drive its strategic decision making?
Answer: demanding that textile suppliers pay livable wages and
maintain safe production facilities
●● A firm always has a competitive disadvantage when its return on
invested capital is
Answer: below the industry average.
, ●● ________, which is the return on risk capital, includes stock price
appreciation plus dividends received over a specific period.
Answer: Total return to shareholders
●● Rock Bottom Tiles has developed a new customer-oriented business
model. Rather than maintain a network of showrooms across the
country, the business will now let customers choose several styles that
interest them from an online site, and will ship samples of each of the
styles to the customer to test in their home free of charge. Once they
have settled on a tile choice, Rock Bottom will send a representative to
their home to schedule installation. The company has determined that
busy middle-class customers will value the convenience of the new
model, which allow them to upgrade the look of their homes without
spending time browsing showrooms. The new model will be created by
selling the old showrooms and shifting resources to the new online site
and regional offices for sales personnel. What question remains for Rock
Bottom to ask in order to put its strategy into action?
Answer: What activities need to be performed to create and deliver the
offerings to consumers?
●● Aguilar Industries has produced a new piece of technology that will
monitor the soil moisture in a user's garden and send a notification to an
app on the user's phone when it is time to water their plants. The goal of
this inexpensive technology is to entice users to purchase Aguilar's more
expensive automated watering system, so that they can trigger the
watering process from the app on their phones. Which business model is
most likely to help Aguilar Industries accomplish its goals?
VERIFIED QUESTIONS AND CORRECT
ANSWERS
●● Which of the following stages of the strategic management process
involves an evaluation of a firm's external and internal environments?
Answer: strategy analysis
●● While creating its AFI strategy framework, Valdez Consultants
decided what markets the firm should compete in. By doing this, what
type of strategy did the company devise?
Answer: corporate strategy
●● Fuller Apparel's core value statement reads we will ensure our
clothing is made with the highest respect toward human rights and
environmental protection. Which of the following actions exemplifies
how Fuller's core values drive its strategic decision making?
Answer: demanding that textile suppliers pay livable wages and
maintain safe production facilities
●● A firm always has a competitive disadvantage when its return on
invested capital is
Answer: below the industry average.
, ●● ________, which is the return on risk capital, includes stock price
appreciation plus dividends received over a specific period.
Answer: Total return to shareholders
●● Rock Bottom Tiles has developed a new customer-oriented business
model. Rather than maintain a network of showrooms across the
country, the business will now let customers choose several styles that
interest them from an online site, and will ship samples of each of the
styles to the customer to test in their home free of charge. Once they
have settled on a tile choice, Rock Bottom will send a representative to
their home to schedule installation. The company has determined that
busy middle-class customers will value the convenience of the new
model, which allow them to upgrade the look of their homes without
spending time browsing showrooms. The new model will be created by
selling the old showrooms and shifting resources to the new online site
and regional offices for sales personnel. What question remains for Rock
Bottom to ask in order to put its strategy into action?
Answer: What activities need to be performed to create and deliver the
offerings to consumers?
●● Aguilar Industries has produced a new piece of technology that will
monitor the soil moisture in a user's garden and send a notification to an
app on the user's phone when it is time to water their plants. The goal of
this inexpensive technology is to entice users to purchase Aguilar's more
expensive automated watering system, so that they can trigger the
watering process from the app on their phones. Which business model is
most likely to help Aguilar Industries accomplish its goals?
